(a) It is a privilege taxable by this state to offer or provide to Tennessee consumers fantasy sports contests.

Terms Used In Tennessee Code 67-4-903

  • Adjusted revenues: means , for each fantasy sports contest, the amount equal to the total entry fees collected from all participants entering the fantasy sports contest less winnings paid to participants in the contest, multiplied by the resident percentage. See Tennessee Code 67-4-902
  • Commissioner: means the commissioner of revenue. See Tennessee Code 67-4-902
  • State: means any state of the United States, the District of Columbia, the Commonwealth of Puerto Rico, any territory or possession of the United States and any foreign country or political subdivision thereof. See Tennessee Code 67-4-2004
(b) A tax is imposed at the rate of six percent (6%) on all adjusted revenues of a fantasy sports contest offered by a fantasy sports operator to Tennessee consumers and is in addition to any other taxes levied pursuant to this title.
(c) The tax imposed by this part shall be collected and administered by the commissioner.
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